The following accounts are taken from the ledger of Crane Company at December 31, 2017. Notes Payable $19,600 Cash $5,900 Common Stock 24,500 Supplies 4,900 Equipment 74,500 Rent Expense 2,000 Dividends 7,800 Salaries and Wages Payable 2,900 Salaries and Wages Expense 37,200 Accounts Payable 8,800 Service Revenue 84,300 Accounts Receivable 7,800 Prepare a trial balance.
CRANE COMPANY
Trial Balance
For the Month Ended December 31, 2017For the Year Ended December 31, 2017December 31, 2017
Debit Credit
$ $
$ $

DEBIT SIDE $140,100

CREDIT SIDE $140,100

Explanation:

Preparation of a trial balance.

CRANE COMPANY Trial Balance For the Month Ended December 31, 2017

DEBIT SIDE

Equipment$74,500

Accounts receivable$7,800

Cash$5,900

Supplies$4,900

Dividends $7,800

Salaries and Wages Expense $37,200

Rent Expense $2,000

TOTAL DEBIT SIDE $140,100

CREDIT SIDE

Common stock $24,500

Notes payable $19,600

Salaries and wages payable $2,900

Accounts payable $8,800

Service Revenue $84,300

TOTAL CREDIT SIDE $140,100

Therefore Prepare a trial balance CRANE COMPANY Trial Balance will have both. DEBIT and CREDIT BALANCE of $140,100

answer; /// i believe the correct answer to the above question is(200 pounds); /good luck